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    With mounting costs of public transport and increasing traffic, owning a vehicle of your own has become more of a necessity than extravagance. When compared to cars, a two-wheeler is easier to maintain and consumes less fuel. If you are worried about the unexpected expenses that you will incur if you purchase a motorbike, applying for a two-wheeler loan is the best thing to do. With lot of leading banks in India offering two wheeler loans, you can not only get the vehicle of your dreams in no time but also pay back the loan without any financial stress through easy instalments. Along with that, you will be able to get hold of a lot of two-wheeler loan offers which will help you save a good amount on the interest outgo.

    Before applying for a two-wheeler loan, you must always discuss about the prevailing interest rates with your banker and check your affordability. Since the interest rates can make or break your loan deal, always pay attention to the minute details about the rate of interest.

    Current Two Wheeler Loan Interest Rates

    Given below are the current interest rates for two wheeler loans offered by the leading Indian banks and financiers:

    Two Wheeler Loan Interest Rates by Banks
    Name of Bank Loan Scheme Two-Wheeler Interest Rates
    State Bank of India Super Bike Loan Scheme 1 year MCLR (7.95%) + 3.65% = 11.60% p.a.  
    SBI Two-Wheeler Loan 1 year MCLR (7.95%) + 9.25% = 17.20% p.a.  
    HDFC Bank Super Bike Two wheeler Loan APR: 8.61% to 17.13% IRR: 8.60% to 14.65%
    Two wheeler Loan APR:10.55% to 34.08% Note- Up to December 2017 IRR:10.50% to 28.41% Note-Up to December 2017
    Saurashtra Gramin Bank Saurashtra Two-wheeler Loan Repayment Period up to 3 Years 15%  
    Repayment Period up above 3 Years, up to 5 years 16%
    Bank of Baroda Bank of Baroda’s Two-Wheeler Loan One year MCLR (6.45%) + Strategic Premium + 4.00%  
    Punjab National Bank PNB Vehicle Loans In which monthly income is being paid via concerned branch and/or under check off facility < 3 years 1 Year MCLR + 3.25%= 11.4% p.a.
    >= 3 years 1 Year MCLR + 3.75%= 11.90% p.a.
    For every other loan including business concerns < 3 years 1 Year MCLR + 4.25%= 4.12% p.a.
    >= 3 years 1 Year MCLR + 4.75%= 12.90% p.a.
    PNB Power Ride Up to 36 months 1 Year MCLR + 1.75%= 9.90% p.a.
    Andhra Bank Andhra Loans for Two-Wheelers For loan term up to 36 months 1 Year MCLR (8.40%) + 1.95%=10.35% p.a.  
    For loan term above 36 months 1 Year MCLR (8.40%) + 1.95% + 0.25%= 10.60% p.a.  
    Bajaj Fin Serv Customers are segregated into three bands, namely,   The best possible interest rate is offered to the customers on the basis of the bank’s pre-fixed loan parameters.
    High >30%
    Medium 27% to 30%
    Low <27%
    L & T Finance   L & T Two-Wheeler Finance Starts from 10.75% p.a. The actual rate varies on the basis of the profile and credit worthiness of the borrower
    UCO Bank UCO Two-Wheeler Loan Scheme For General category 1 Year MCLR (8.45%) = + 4.40%= 12.85% p.a.  
    Accounts with full liquid collateral security (1.00% interest rebate) 1 Year MCLR (8.45%) + 3.40%= 11.85% p.a.
    Accounts with 50% liquid collateral security (0.50% interest rebate) 1 Year MCLR (8.45%) + 3.90%= 12.35% p.a.
    Syndicate Bank Syndvahan Two Wheeler Loan 1 Year MCLR (8.45%) +2.10% =10.55% p.a.  
    Vijaya Bank V-Wheels 2 Wheeler Loan 1 Year MCLR (8.50%) + 3.15% =11.65% p.a.  
    V-Combo (Special vehicle loan for home loan customers) 1 Year MCLR (8.50%) + 0.65% =9.15% p.a.
    Allahabad Bank AB Mobike Loan Scheme 1 Year MCLR (8.45%) +3.25%= 11.70% p.a.  
    Oriental Bank of Commerce Oriental Vehicle Loan Scheme for General Public Up to 36 months BR + 0.50% = 10.20% (Floating) 0.25% concession on the interest rate for loyal customers, group of employees and home loan borrowers
    Up to 84 months BR + 0.75% = 10.45% (Floating)
    Shriram City Union Finance Shriram Two-Wheeler Loans Interest Rate will be offered at the lender’s discretion on the basis of the loan scheme opted by the borrower  
    Bank of India BOI Star Vehicle Loan for 2 Wheelers including Super Bikes) 1 Year MCLR (8.30%) + 0.60%= 8.90% p.a. Note- Festive offer valid up to 31.03.2018
    Punjab & Sind Bank Two-Wheeler Vehicle Loan One Year MCLR (8.40%) + 2.00% = 10.40% Note- Festive Bonanza Scheme valid up to 31.03.2018
    Lakshmi Vilas Bank Lakshmi Personal Vehicle Loan 1 Year MCLR (9.15%) + 3.10% =12.25% p.a.  
    Nainital Bank Suhana Safar Loan Scheme For Tenure 1 Year MCLR 1 Year MCLR (8.35%) + 0.70%= 9.05% p.a. Special concession is offered under Festive Offer
    For Tenure 2 Years MCLR 2 Year MCLR (8.65%) + 0.40%= 9.05% p.a.
    For Tenure above 2 Years MCLR Above 2 Year MCLR (9.00%) + 0.25%= 9.25% p.a.
    City Union Bank CUB Easy Ride 3 Year MCLR + 4.80%= 14.50%  
    State Bank of Mysore Up to 5 years 1 Year MCLR + 6.55% = 16.05%  
    State Bank of Travancore Rs.50000 and below 13.85% p.a.  
    Above Rs.50000 12.85% p.a.
    State Bank of Patiala Floating Rate of Interest 1 Year MCLR + 6.25% = 15.75% p.a.  
    Fixed  Rate of Interest 1 Year MCLR + 6.50% = 16.00% p.a.
    Corporation Bank Corp Vehicle Two Wheeler Loan 1 Year MCLR (8.65%) + 3.60%= 12.25% p.a.  
    Central Bank of India Cent Vehicle Loan Floating 1 Year MCLR (8.30) + 0.40%= 8.70% p.a.  
    Fixed Rate (Repayment within 36 months) 1 Year MCLR (8.30) + 0.40%= 8.70% p.a.

    Perfect Personal Loan Deals for you

    Two Wheeler Loan Interest Rates in India

    The rate of interest of two-wheeler loans differs from banks to banks. The rate is not the same with two different lenders as every lender has their own pre-fixed parameters based on which the final rate is determined. The interest rates are usually floating and linked to the MCLR (Marginal Cost of Funds Based Lending Rate). Because a two-wheeler is a depreciating asset, the interest rates are generally higher when compared to other loan products.

    Usually, the two-wheeler loan interest rates in India range between 8% to 18% depending on the bank, the loan amount, type and model of the vehicle, loan scheme, repayment tenure, applicant's net income and employment type, source of income and credit history. The loan rates may also depend on the type of the loan applied for. Typically, banks offer two-wheeler loans in secured and unsecured form. While the interest rate charged on a secured loan is relatively lesser, an unsecured loan comes with higher interest rate.

    Features and Benefits of Two Wheeler Loans

    Two-wheeler loans come with a hoard of features and benefits and this is why these are highly preferred by the users. Some of the vital features and benefits of the two-wheeler loans offered in India are listed below:

    • With most of the banks offering loans up to 90% of the on-road price of the vehicle, you can purchase any brand new two-wheeler without giving any second thoughts.
    • Burning up all your savings to purchase a two-wheeler is a risky option. Instead, avail a two-wheeler loan to relieve you of the financial burden. As an added advantage, you can also plan your budget effectively and pay back the loan in affordable EMIs.
    • Two-wheeler loans usually cover the cost of insurance, accessories and registration.
    • To get more out of your two-wheeler loan, check for loan partnership options with your automobile dealer.
    • Two-wheeler loan requires minimal documentation and is offered for all sections of people and all class of customers.
    • The income criteria is also lenient and most of the banks offer motorbike loans for people with an annual income of Rs.50, 000.
    • There is either no prepayment penalty or a nominal foreclosure charge for paying off the two-wheeler loan ahead of the tenure.
    • Most of the banks also offer flexible repayment options which will enable the customer to choose a comfortable tenure.

    Two-Wheeler Loan Miscellaneous Charges

    Apart from the interest rate the borrower also has to pay several associated charges and fees while availing a two-wheeler loan. Since, these extra charges add to the loan-related expenses, these are vital aspects that a borrower needs to consider while applying for a loan. The commonly applied charges that usually come along with the loan are as follows:

    • Processing charge: The processing fee is a mandatory amount that the borrowers are required to pay at the time of loan application. This fee is charged by the banks for processing the loan request and it is expressed as a percentage of the total loan amount. It usually ranges from 0.50% to 5% of the loan amount which account to minimum Rs.600 to maximum Rs.5000.
    • Foreclosure fee: Banks charge an amount of money on prepayment or foreclosure of the two-wheeler loan before the end of the loan tenure. This is the process of paying a part of the loan or closing it before time. However, the foreclosure charges for two-wheeler loan is relatively lower, even certain banks don't charge any amount for pre-payment of such loans.
    • Late payment fee: In case the borrower default on paying the monthly instalments of the two-wheeler loan on time, the banks or lenders charge a penalty in the form of late payment fee. This fee needs to be paid on time along with the due amount to avoid any further consequences.
    • Other charges: Besides these, the banks or financial lenders levy several other charges on a two-wheeler loan as per own their lending policies. Some of the miscellaneous fees that the borrowers of two-wheeler loans usually have to pay are issuance charges for copy of loan report and credit report, administrative charges, etc.

    Types of Two-wheeler Loan and Interest Benefits

    As told earlier, banks and other financial organisations provide two different types of two-wheeler loans depending on the security required to avail the loan. Here are the details of the types of two-wheeler loans that a borrower can apply for:

    • Secured two-wheeler loans- Secured two-wheeler loans are those which are offered against a security or a collateral. While taking this type of loan, the borrower needs to offer an asset as a collateral whose value is equivalent to the value of the loan. This collateral acts as a security against the loan and on the basis of this security the bank offers the loan. The main advantage of this two-wheeler loan variant is that it is available at a lower interest rate compared to the other variant as it minimises the risk of the lender in case of defaults. Since this loan comes with low-risk factor, it is easily available and you can get it without hassles.
    • Unsecured two-wheeler loans- Unsecured two-wheeler loans are completely different from the secured ones as they don't require any asset as security. The borrowers can get this variant just by fulfilling the basic eligibility criteria mandated by the lender. Hence, it makes an ideal solution for borrowers who don’t have any asset to pledge against the loan. However, as this loan doesn't require any security, the risk associated with it is more and this is why the interest rate of an unsecured two-wheeler loan is comparatively higher than that of a secured one. In other words, this loan doesn’t offer much interest benefit to the borrowers.

    Factors that Impact Two-wheeler Loan Interest Rate

    The interest rate is a vital aspect of a two-wheeler loan and the borrower needs to consider and compare the interest rates of various banks before zeroing their search on any particular loan product. But before you start your search for a suitable loan with low-interest rates, you should know about the various factors that play a significant role in deciding the interest rate of the loans. Here are some of the vital ones:

    • Type of vehicle- The rate of interest of a two-wheeler loan largely depends on the type of the vehicle that the borrower is planning to buy. Whether the customer intends to purchase a moped, a scooter, a motorcycle or a high-performance two-wheeler, he or she needs to pay varied interest rates as the rate varies for each of these two-wheeler categories.
    • Employment Type of Applicant:  The employment nature of the applicant usually have a significant impact on the rate of interest that is offered by the banks. As they consider a salaried individual to be a more credible borrower compared to a self-employed individual, the interest rate charged for the salaried borrowers is lesser than the rate offered to the self-employed individuals.
    • Range of Income- As the applicant’s income range determines his/her ability to repay the loan in the form of EMIs every month, it greatly affects the interest rate that he/she is offered with. While an applicant with higher income range is usually offered a low-interest rate, an individual having relatively lower income gets loan with higher interest.

    How to Compare Two Wheeler Loan Interest Rates?

    With so many two-wheeler loans on offer, it often becomes difficult for the customers to find out the best one which will give them significant benefit. These given tips will help you to compare the loans efficiently and zero your search on the most profitable one:

    • Before deciding on a two-wheeler loan product, carefully analyse all the features that it has to offer. Consider the product only if you find the majority of the features matching with your requirements.
    • Check if the interest rates for two-wheeler loan with regards to a particular bank is floating or fixed. Also, use a two-wheeler loan EMI calculator to decide your loan affordability.
    • In a two-wheeler loan EMI calculator, all you have to enter is the loan amount, tenure and the interest rates. The calculator will project the monthly EMI along with the repayment schedule which will help you decide if the loan on that interest rate is affordable.
    • Compare different two-wheeler loan products and check whether features like nil-foreclosure charges, insurance and high quantum are offered or not. Also, make sure to compare the interest rates for two-wheeler loans using a third-party comparison website.

    You May Like To Read : Two Wheeler Insurance.

    Two-Wheeler Loan Eligibility and Documentation

    Eligibility- In India, most of the banks offer two-wheeler loans to people within the age group of 18 to 65. The applicant can be a student, a salaried profession or a self-employed customer. Select banks also offer specialized two-wheeler loan products for agriculturists. The income criteria for two-wheeler loans depend on the type of loan and is at the discretion of bank.

    Documents - The applicants have to submit an ID proof and a proof of address. Income documents like bank account statements, salary slips, income tax return statements and certificate of employment are also required. Agriculturists and self-employed individuals have to submit relevant supporting documents to avail a loan for two-wheeler.

    Since the interest rate of your two-wheeler loan will determine the final amount that you have to pay every month as a part of the loan repayment procedure, you should take a calculative decision. Shop around, compare all the available loan products and offered interest rate well before opting for a two-wheeler loan product.

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    News about Two Wheeler Loan

    • Yamaha YZF-R15 Undergoes Modification to Resemble BMW S1000RR HP4

      LeeAT Moto, a custom motorcycle house has revolutionised the way the world looks at motorcycles by successfully combining the iconic Yamaha YZF-R15 and BMW HP4 Race. And here in India people thought that the two motorcycles cannot be compared, even remotely.

      Considered to be a marriage of some sorts between a superbike and a communal motorcycle, LeeAT has successfully removed the latter’s rear-view mirrors, headlights, turn indicators, number plate holder, and tail light. These modifications have been introduced because evidently the BMW S1000RR HP4 is not a legal bike for the roads and does not have all of these things. The front of the R15 has been imparted with a multi-color windscreen.

      The aggressively formulated body panels have replaced the stock body panels that essentially matches the BMW S1000RR HP4. The bike’s fuel tank has been given highlights of blue near the filler cap which makes it look even more aggressive. On the fairing of the bike, the BMW badge provides a look of authenticity to the motorcycle. With the assistance of decals, the very visible problem of carbon-fiber bits has been successfully resolved.

      What’s more, the R15 has also been given a clip-on handlebar.

      12 November 2018

    • TVS festive season discount on Jupiter, Apache R 160, NTorq and others

      Following the tradition laid down by Piaggio and Suzuki Motorcycles India, TVS had rolled out attractive festive season offers in the month of September. The offers announced by this two-wheeler manufacturing company included low down payment and interest rates on its various models, including its flagship product, the TVS NTorq. This limited period offer was open till the end of September across all the TVS dealerships located at various parts of India. As a part of this offer, borrowers could purchase TVS NTorq at a down payment of Rs.10, 999 and TVS Wego at an initial payment of Rs.6, 999 only. The best-selling scooter of the company, TVS Jupiter, was available for sale at a minimal down payment of Rs.6,900. The offer was also applicable to the entry-level scooters and motorcycles of TVS. Apache RTR 160 was purchased just at Rs.14, 999 as initial payment. Added to these lucrative discounts, TVS also offered its entry-level motorcycles namely TVS Victor TVS Sport, TVS XL Super HD, and Apache RTR 160 at a very low-interest rate of 3.99%.

      18 October 2018

    • The launch of the new TVS 110cc bike

      TVS is launching a new bike, the TVS 110cc with a style that is not similar to any of other bikes launched by TVS, such as the TVS Star City Plus, TVS Victor and TVS Sport. This bike comes with a radical design that is more appealing to the younger generation. The bike features smartphone connectivity and navigation.

      Not many details are revealed about the model, but one can expect features that are not common in India, such as a semi-digital instrument cluster with twin pilot lamps and a LED tail lamp for a premium look. The TVS 110cc is expected to be priced close to Rs.50,000 (ex-showroom price) and would compete with bikes, such as the Honda CD 110 Dream and the Honda Splendor 110.

      21 September 2018

    • Kawasaki Likely to Introduce Ninja 200 in the Indian Market

      to a report published by the Nikkei Asian Review - a Japanese business journal, Kawasaki is currently working on the development of a 200cc bike for the Indian market. This motorcycle is speculated to be the Ninja 200. Furthermore, the journal claims that the two-wheeler manufacturer is planning to increase production at its plant based in Chakan, Maharashtra to develop approximately 10,000 bikes every year. This decision has been taken since Kawasaki is looking to make India the export hub for overseas markets such as Africa, Latin America, etc. The motorcycle maker based in Japan is aiming to sell around 5,000 bikes in India every year by the year 2020. In order to achieve this, the company is gearing up to inaugurate 30 showrooms across the length and breadth of the country by this time. Presently, Kawasaki has a total of 10 showrooms in the country and sells approximately 1,400 bikes every year in India - ranging between 250cc models and litre class flagship products.

      As the Indian customers are obsessed with the price tag of motorcycles, Kawasaki has reassigned numerous engineers from Japan to its production house in the country in order to help make the motorcycles more competitively priced for the Indian market. These engineers have been tasked to help the Japanese bike maker incorporate locally manufactured components that are low priced for its small-displacement motorcycles such as the KTM Ninja 250. The Head of Motorcycles and Engines Division in Kawasaki, Kazuo Ota, has indicated that the company is planning to tap the potential demand for motorcycles with a 200cc displacement in India. While the Japanese brand is known for its distinctive green livery, it might also develop new models especially for the Indian market.

      Kawasaki ventured the Indian market with a collaboration with Bajaj Auto, and the companies introduced bikes such as the Eliminator cruiser and the Kawasaki Bajaj Caliber 115 - a customer-favourite in the market. During the later years, the company started locally assembling its own bikes with capacities ranging from 250-650cc at Bajaj’s plant in Chakan, while the larger capacity motorcycles were directly imported. This partnership ended as Kawasaki opened a 10,000-square-metre manufacturing plant in September 2017. The company started to manufacture and assemble its motorcycles at its new facility, and this helped the price of the motorcycles down in the country.

      28 August 2018

    • Hyderabad Metro Rail to Introduce e-bikes to Passengers

      The Hyderabad Metro Rail Limited (HMRL) plans to launch e-bikes for passengers who commute using the metro. The launch date has been set for 15 August.

      Metro passengers can use the bikes to get to their destinations from the metro station and will be charged Rs.4 per km. The bikes can be used by downloading the Metro Bikes app and verifying their driver’s licence and ID proof. At present, some of the metro stations provide the service with conventional bikes.

      The focus of this campaign is environmental protection, which is why passengers will only be charged for the distance travelled.

      14 August 2018

    • Mobiles Likely to Attract Majority of Vehicle Customers by 2022

      According to a joint report released by KPMG and Facebook, more than 68% of two-wheeler and 81% of four-wheeler customers will be influenced by mobile phones by the year 2022. Additionally, the report further claims that around one in two two-wheeler purchases (45%) and a similar number of customers will be influenced by Facebook. However, this report cannot be affirmed by ETAuto independently. The report also focuses on the fact that media friction contributes approximately one-third (9%) of the total friction loss (26%) in four-wheeler purchases. In case of two-wheeler purchases, media friction accounts for nearly half of the total loss of friction with 16% out of the total 34%.

      As per the comments of Sandeep Bhushan, Director of Facebook India and South Asia, on the report findings, the rise in demand for vehicles might lead the customers to spend more time researching their selected vehicle on their smartphones instead of visiting a dealership. This makes it crucial for automotive manufacturers to formulate marketing strategies keeping the mobile platform in mind. The report also states that the automobile industry of India is likely to sell 5.6 million four-wheelers and 30.9 two-wheelers by 2022. Opting for the mobile platform will offer vehicle makers the chance to tap into this opportunity while reducing friction and increasing the customer conversion rate at a low cost.

      1 August 2018

    • Yamaha Has Filed for Patents of Upcoming Leaning Three-Wheeler

      Yamaha is planning to introduce another leaning three-wheeler based on the Yamaha MT-09 and has currently filed for patents for the same. Similar to the company’s first production leaning motorcycle - Yamaha Niken - which was launched earlier this year, the new leaning three-wheeler will also feature a 847cc, DOHC, 4 valves per cylinder, 3-inline cylinder engine. The company is expected to launch more leaning three-wheelers in future. As per the patent drawings, the front end of the new bike will have two wheels in the front very much alike the current Yamaha Niken. However, the drawings illustrate that the engine and chassis of the motorcycle will be like the Yamaha MT-03 - the naked version of the Yamaha YZF-R3. Furthermore, the engine of the leaning three-wheeler is expected to sport a 321cc, liquid-cooled, parallel-twin unit that will be capable of producing a maximum power of 40 bhp and 29 Nm of peak torque. Even though the company has not yet formed any production plan of the new motorcycle, the conceptualised design of the next leaning three-wheeler is likely to be released soon.

      Looking at the massive potential in the leaning three-wheeler industry, Yoshihiro Hidaka - President and CEO of Yamaha Motor Company - has confirmed that the company is currently investing in the production and development of more products in the segment. With Yamaha Tricity, a three-wheeled scooter, and Yamaha Niken already gaining popularity in the markets, the company might reveal another leaning three-wheeler by the end of next year - an R3-powered Niken.

      27 July 2018

    • Eco-friendly V45 Vehicle launched in Hyderabad

      Versatile Auto Components Private Limited has launched the V45 electric bike in Hyderabad. The vehicle is reminiscent of the 1990’s 2-wheeler with the exception of the battery pack fitted under the foot stand.

      The bike is electrically powered and eco-friendly. The battery indicates the charge available and the bike itself comes with two sets of keys—one to start the battery and one to start the bike.

      Riding the V45 is light and well-balanced and can achieve a maximum speed of 25 kmph. A higher mileage can be achieved if operated in half throttle. The bike is ideal for navigating through small spaces and has enough leg room for the rider.

      26 July 2018

    • Ducati Unveiled Limited-Edition Monster 1200 25° Anniversario

      On the occasion of its 25th anniversary, Ducati is planning to launch a limited-edition motorcycle of the Monster brand - Monster 1200 25° Anniversario. The bike sports numerous exclusive features such as carbon-fibre bits and mechanicals similar to the top-spec model of Monster 1200 R, machined components, etc. Additionally, the visor of the bike will also feature a special colour scheme with the 3 colours from the Italian flag inspired from the 2008 Monster S4RS Testastretta Tricolore. Sporting a gold-coloured frame along with golden forged Marchesini wheels with W-shaped spokes, the 25° Anniversario will be powered by a 1,198cc, liquid-cooled, L-twin engine that is capable of generating 147 hp of maximum power and 124 Nm of peak torque. Equipped with a 48mm, fully-adjustable Öhlins fork and monoshock suspension, the braking duties of the motorcycle is handled by dual 330mm discs coupled with a Brembo M50 monobloc calliper in the front end, and a 245mm disc at the rear end. The 25° Anniversario also features Öhlins steering damper along with solid aluminium mirrors, petrol cap, and handlebar-end weights. Available in 3 riding modes - Touring, Urban, and Sport, this bike carries state-of-the-art electronic components such as an Inertial Measurement Unit (IMU) to feeds data to the ABS Bosch Cornering and Ducati Wheelie Control (DWC) systems. Other electronic aids of the motorcycle include Ducati Quick Shift Up and Down (DQS) and Ducati Traction Control (DTC).

      20 July 2018

    • Suzuki Expected to Launch New Electric Two-Wheeler By 2020

      Although Maruti Suzuki made an announcement a few months ago that it will be releasing its first electric two-wheeler in India come 2020, it has now revealed that Suzuki Motorcycle India, the company’s Indian two-wheeler subsidiary, is also expected to launch its very first electric motorcycle and scooter with it. Narendra Modi, the Prime Minister of India, recently met Osamu Suzuki, the chairman of Suzuki, and had discussions regarding the potential to invest a large amount of money in the local production of electric vehicles. Toshiba and Denso, along with Suzuki, have made commitments to invest around Rs.1,700 crore for a battery production facility in the state of Gujarat. A team of five individuals has been set up by the company, and this team will take responsibility for charting the electric vehicle route in India.

      18 July 2018

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    Customer Reviews

  • Page 1 of 50 1 2 3 4 5
    • HDFC Bank Two Wheeler Loan
      "Better"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I took a two wheeler loan with HDFC Bank by last month. I have purchased Suzuki Access. The rate of interest is good and the processing fee was around 2K. They processed immediately and I got the bike in 2 days. There is no option for foreclosure.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2018
    • review Two Wheeler Loan
      "Good"
      TVS FINANCE
      0.5 5.0/5 "Blown Away!"
      I took a two wheeler loan with TVS Finance and it was completed. I am happy with the customer service and response. The rate of interest was good not so high. I have purchased a TVS Bike. They charged some processing fee. Most of the times, the payment was through ECS and sometimes I paid through cheque.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 15, 2018
    • HDFC Bank Two Wheeler Loan
      "Excellent service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have been holding my Two-wheeler loan with HDFC bank from past 5-6 months , i have take loan amount around 1,30,000 it was sufficient for me and there rate of interest they have charged me is nominal and they have not charged any processing fee in this loan , overall service was good so far.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 15, 2018
    • HDFC Bank Two Wheeler Loan
      "Excellent service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have been using my Two wheeler loan with HDFC bank, i am very happy with there loan amount it was sufficient for me a year back only i had taken this loan amount and the best part in this bank is that they give pre- approval on documentation and the rate of interest was nominal and there was no processing fee they have charge in this loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • HDFC Bank Two Wheeler Loan
      "Good In Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have taken a two wheeler loan from HDFC.Based on the two wheeler loan i also got a credit card of HDFC bank. The application processed on time with HDFC. HDFC is the bank which address your requirement and act accordingly. Have started using their credit card as well. They give you fine services
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 14, 2018
    • SBI Two Wheeler Loan
      "Quick Response"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      I had applied for a Two wheeler loan through SBI and it got processed on a quick note. The Emi i had taken was for 1 year and without any hurdle i had cleared the loan amount. I hold a Duo bike and i am happy that the bank served me at the time i had my expectations.
      Was this review helpful? 0
      , surat
      Reviewed on Nov 14, 2018
    • SBI Two Wheeler Loan
      "Average Service"
      STATE BANK OF INDIA
      0.5 1.0/5 "Really Bad"
      The experience i had with them has not been that great, where the loan amount has been okay and the interest rate with them has been nominal when compared with the market rate. There has not been much hassles faced but the charges with them has been very high.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2018
    • HDFC Bank Two Wheeler Loan
      "Very Good Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I had taken this loan almost very long time back and the experience had been good. The process has been very good and i never had faced any hassles, there has not been any sort charges which they had made so far and everything has been satisfactory with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 13, 2018
    • L&T Finance Two Wheeler Loan
      "Very easy to get a loan"
      L&T FINANCE LIMITED
      0.5 4.5/5 "Excellent!"
      The showroom people has suggested me go with the L&T loan. I have paid only rs. 6000 as a processing fee. I have bought a two wheeler loan for bike with a amount of Rs. 62 K. I'm happy about the interest rate they have provided to me. I have purchased the loan 1 year back and total tenure period of the loan is 24 months. I pay the EMI of Rs. 3 K every month.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2018
    • HDFC Bank Two Wheeler Loan
      "Very Good Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I had taken this car loan almost five years back and it was closed now. The experience has been good and the interest rate with them has been nominal. The loan amount has been sufficient and there has not been any issues faced with them so far.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 13, 2018
    • HDFC Bank Two Wheeler Loan
      "Okay"
      HDFC BANK
      0.5 2.0/5 "Expected more"
      I have purchased a Honda Activa. The interest rate is very high which I never expected of 22%. When they say EMI am fine later looking into the interest rate which am not satisfied. The customer support is fine. I have completed 12 months and 6 months left. I tried to do pre closure and they charge around 3K which is high again.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 12, 2018
    • L&T Finance Two Wheeler Loan
      "Good service"
      L&T FINANCE LIMITED
      0.5 5.0/5 "Blown Away!"
      I took my two wheeler loan from the LNT , the tenure period is 30months . The application process and the documentation was smooth and hassle free. I pay an EMI per month. The process was easy and the loan amount was credited with in a span of 3 to 4 business days.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 12, 2018
    • HDFC Bank Two Wheeler Loan
      "Very Good Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      The experience i had in getting this loan has been good and it was taken like six months back, the loan amount which they had provided has been satisfactory as well. The interest rate with them has not been any higher and the processing fee and the one time charges has been nominal.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 11, 2018
    • HDFC Bank Two Wheeler Loan
      "GOOD SERVICE"
      HDFC BANK
      0.5 4.0/5 "Great!"
      The process is good by taking the two wheeler loan with the HDFC BANK where i have used it before three years. The rate of interest what they have charged is of higher when compared. The loan amount is delayed for 3-4 days and i have closed the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2018
    • HDFC Bank Two Wheeler Loan
      "Average Service"
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      The experience in getting this loan has been good and the loan amount whcih they had provided has been sufficient. The interest rate whcih they where charging had been a little high when compared with the market rate and there has been a lot of charges which has been made by them as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 09, 2018
    • review Two Wheeler Loan
      "Good"
      INDUSIND BANK LTD
      0.5 3.5/5 "Pretty good"
      I have taken two wheeler loan with Induslnd Bank before 3 years. The loan duration is 2 year and it was completed in the year of 2015. I have paid the premium through the cheques. The interest rate and processing fee is average. Overall it was a good experience.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 08, 2018
    • HDFC Bank Two Wheeler Loan
      "Good In Need"
      HDFC BANK
      0.5 4.5/5 "Excellent!"
      If you are planning for a two wheeler loan i would say go with HDFC bank. I applied through HDFC and guess what, on the spot i got the approval on instant. It was to my surprise and i hold my favorite bike now. I am thankful to HDFC for their services. Rate of interest is reasonable.
      Was this review helpful? 1
      , aurangabad
      Reviewed on Nov 03, 2018
    • HDFC Bank Two Wheeler Loan
      "GOOD"
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      I have a good experience by taking the two wheeler loan with the HDFC BANK. I have taken it before 7-8 years where i have got the satisfactory loan amount which is equal to my bike. The EMI i pay 2k per month for this loan also the service is good with this loan.
      Was this review helpful? 1
      , noida
      Reviewed on Nov 03, 2018
    • Corporation Bank Two Wheeler Loan
      "Good Banking Service"
      CORPORATION BANK
      0.5 4.0/5 "Great!"
      I have taken two wheeler loan from Cooperative Bank . They took 10 to 15 days for the approval and documentation. Am satisfied with the promising rate of interest which is nominal one. Their customer service and response is good. They gave the tenure period of 24 months . Making the payment through Ecs online banking.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 02, 2018
    • HDFC Bank Two Wheeler Loan
      "Good Banking Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      Got my Two wheeler loan from Hdfc . They took some time for approval and documentation. Am satisfied with the promising rate of interest which is nominal one. Their customer service and response is good. They gave the tenure period of 24 months . Making the payment through Ecs online banking.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 02, 2018
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